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St Barbara (SBM) investor relations material
St Barbara Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Strategic investment by Lingbao Gold Group in the New Simberi Gold Project completed, with A$389 million cash received and FID approved for US$333 million expansion.
Papua New Guinea government extended the Simberi Mining Lease to 2038.
Touquoy Restart in Nova Scotia received regulatory approval, with recommencement of production targeted by end of 2026.
15-Mile Processing Hub Pre-Feasibility Study confirmed an 11+ year mine life and strong project economics.
Company included in the ASX 300 index at the March rebalancing.
Financial highlights
Q3 FY26 gold sales: 11,974 ounces at an average realised price of A$6,892/oz.
As of 31 March 2026, cash, gold receivable, bullion, and listed investments totaled A$170 million (A$83 million restricted cash), rising to A$504 million after Lingbao transaction.
Q3 operational cash flow from Simberi: A$13 million.
Growth capital expenditure: A$25 million at Simberi, A$2 million at Nova Scotia projects.
No debt or hedging; listed investments valued at A$23 million.
Outlook and guidance
Fully funded for upcoming capital requirements for Touquoy Restart, New Simberi expansion, and 15-Mile Processing Hub.
Attributable gold production forecast to rise from 48koz in FY27 to 200kozpa in FY31.
Q4 Jun FY26 Simberi gold production guidance: 14,000–17,000 oz (St Barbara’s 40% share: 5,600–6,800 oz) at AISC A$4,100–A$4,500/oz.
- Underlying net profit after tax of $1.3M achieved on 32% higher revenue, but going concern risk remains.SBM
H1 202619 Feb 2026 - Strong project studies and funding position offset Q2 operational challenges at Simberi.SBM
Q2 202627 Jan 2026 - Underlying loss, negative EBITDA, and Simberi focus amid Atlantic divestment and going concern risk.SBM
H2 202522 Jan 2026 - Loss narrows to $54M as focus shifts to Simberi and Atlantic, with strong cash and lower costs.SBM
H2 202422 Jan 2026 - Q1 gold output was 11,158 oz at A$4,487/oz AISC; growth projects and funding progressing.SBM
Q1 202629 Oct 2025 - A$58M placement funds Simberi expansion and Atlantic project progress amid strong gold reserves.SBM
Investor Presentation6 Oct 2025 - Q4 FY25 delivered solid gold production, robust cash, and key project milestones amid ongoing expansion.SBM
Q4 202529 Jul 2025 - Simberi sulphide expansion and Atlantic's 15-Mile project drive long-term gold growth.SBM
Investor Presentation3 Jul 2025 - Redesigned gold project delivers high output, major economic impact, and minimized environmental footprint.SBM
Presentation to Mining Society of Nova Scotia3 Jul 2025
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